National Bank of Canada FI Sells 34,744 Shares of Euronet Worldwide, Inc. $EEFT

National Bank of Canada FI trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 93.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 2,287 shares of the business services provider’s stock after selling 34,744 shares during the quarter. National Bank of Canada FI’s holdings in Euronet Worldwide were worth $245,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EEFT. Janus Henderson Group PLC grew its stake in Euronet Worldwide by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider’s stock worth $142,575,000 after acquiring an additional 20,805 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of Euronet Worldwide by 21.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock valued at $112,743,000 after buying an additional 190,453 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Euronet Worldwide by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock valued at $84,512,000 after acquiring an additional 24,569 shares in the last quarter. Reinhart Partners LLC. lifted its stake in Euronet Worldwide by 17.7% in the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider’s stock worth $78,896,000 after acquiring an additional 111,234 shares during the period. Finally, New South Capital Management Inc. grew its holdings in Euronet Worldwide by 5.9% during the 1st quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider’s stock worth $69,218,000 after acquiring an additional 36,267 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several recent research reports. Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 25th. Oppenheimer lifted their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. Finally, William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $95.96 on Monday. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.77 and a beta of 1.25. The company’s 50 day moving average is $101.73 and its 200 day moving average is $102.18. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.10). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. Euronet Worldwide’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $2.25 earnings per share. On average, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.